Treasury Yields Dip, With Focus on Covid Outbreak in China and Fears of Economic Slowdown

U.S. Treasury yields dipped on Tuesday, with investor focus remaining on the Covid-19 outbreak in China and concerns over a global economic slowdown.

In terms of economic data releases due out on Tuesday, March's durable goods order numbers are set to come out at 8:30 a.m. ET.March's new home sales data and the CB April consumer confidence index are slated for release at 10 a.m. ET.

Developments in the Russia-Ukraine war also continue to be a focus for investors. At a high-level meeting in Kyiv on Sunday, the U.S. pledged just over $700 million in military financing to help Ukraine and other allied countries in central and eastern Europe involved in the war effort.Meanwhile, an auction is scheduled to be held on Tuesday for $48 billion of 2-year notes.

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